David Rolfe Wedgewood Partners
David Rolfe is the chief investment officer of Wedgewood Partners, known for a concentrated growth portfolio of large-capitalization companies. The firm emphasizes quality franchises, high returns on capital, and limited diversification across only a few dozen names at most. Rolfe’s commentaries are followed by investors who prefer focused growth ownership over broad index replication.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Edwards Lifesciences
EW
|
+$9.65M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Motorola Solutions
MSI
|
+$7.21M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$1.14M |
| 3 |
Meta Platforms (Facebook)
META
|
+$1.04M |
| 4 |
Apple
AAPL
|
+$901K |
| 5 |
TSMC
TSM
|
+$892K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.16% |
| 2 | Communication Services | 17.46% |
| 3 | Financials | 15.76% |
| 4 | Consumer Discretionary | 11.78% |
| 5 | Healthcare | 11.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Meta Platforms (Facebook)
META
$1.4T
| $43.2M | 8.82% |
83,788
-2,134
| -2% | -$1.04M |
|
|
2
Alphabet (Google) Class A
GOOGL
$4.22T
| $42.3M | 8.64% |
260,855
-6,769
| -3% | -$1.14M |
|
|
3
TSMC
TSM
$2.17T
| $41.5M | 8.48% |
247,788
-5,879
| -2% | -$892K |
|
|
4
Apple
AAPL
$4.51T
| $37.8M | 7.7% |
173,540
-4,834
| -3% | -$901K |
|
5
Visa
V
$693B
| $33.4M | 6.81% |
128,358
-3,043
| -2% | -$834K |
|
6
UnitedHealth
UNH
$350B
| $33.3M | 6.8% |
58,920
-1,273
| -2% | -$624K |
|
7
PayPal
PYPL
$52.7B
| $31.9M | 6.52% |
503,212
-10,585
| -2% | -$673K |
|
8
Microsoft
MSFT
$3.59T
| $28.1M | 5.73% |
68,970
-1,645
| -2% | -$695K |
|
9
Tractor Supply
TSCO
$18.2B
| $26.6M | 5.44% |
507,940
-10,480
| -2% | -$563K |
|
10
Copart
CPRT
$31.3B
| $25.9M | 5.29% |
516,179
-11,030
| -2% | -$602K |
|
|
11
Motorola Solutions
MSI
$79.5B
| $24.9M | 5.08% |
60,341
-19,983
| -25% | -$7.21M |
|
|
12
Edwards Lifesciences
EW
$51.8B
| $23.2M | 4.74% |
354,427
+108,976
| +44% | +$9.65M |
|
13
Booking.com
BKNG
$158B
| $21.1M | 4.31% |
153,625
-3,600
| -2% | -$533K |
|
14
CDW
CDW
$17.2B
| $20.5M | 4.18% |
96,479
-2,131
| -2% | -$494K |
|
15
S&P Global
SPGI
$127B
| $11.9M | 2.44% |
24,644
-507
| -2% | -$218K |
|
16
Pool Corp
POOL
$6.83B
| $11.6M | 2.37% |
33,759
-557
| -2% | -$202K |
|
17
Old Dominion Freight Line
ODFL
$42.8B
| $11.6M | 2.37% |
60,830
-1,424
| -2% | -$269K |
|
18
Texas Pacific Land
TPL
$26.5B
| $11.1M | 2.27% |
40,089
-1,008
| -2% | -$211K |
|
19
O'Reilly Automotive
ORLY
$72.1B
| $9.96M | 2.03% |
133,305
-3,165
| -2% | -$219K |
|
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David Rolfe's Q2 2024 Portfolio in Review
As of Q2 2024, David Rolfe held 19 positions worth $490M, down 1.9% from $500M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Trading was light in Q2 2024: portfolio turnover was 0%. David Rolfe opened no new positions and made no exits, leaving the 19-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 31% a quarter earlier, followed by Communication Services and Financials.
- David Rolfe added most to Edwards Lifesciences in Q2 2024, an estimated $9.65M increase.
- David Rolfe's biggest Q2 2024 reduction was Motorola Solutions, cutting an estimated $7.21M.
- David Rolfe's ten largest holdings make up 70% of its $490M portfolio in Q2 2024.
- David Rolfe opened 0 new positions and closed 0 in Q2 2024.
- David Rolfe's portfolio value fell 1.9% quarter-over-quarter to $490M.
Based on Wedgewood Partners's 13F filing for Q2 2024, filed 13 Aug 2024.